Sort Order: Latest Post on Top - Latest Post Last            Post Reply

NY 07:11:58 GMT - 09/13/2012

7:30 CHF Libor Rate Forecast: 0.25% Previous: 0.25% London interest rate for 3-month Swiss franc deposits. Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future. 12:30 USD PPI m/m Forecast: 1.2% Previous: 0.3% Change in the price of finished goods and services sold by producers. It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer. 12:30 USD Unemployment Claims Forecast: 370K Previous: 365K The number of individuals who filed for unemployment insurance for the first time during the past week. Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. 16:30 USD Federal Funds Rate Forecast: 0.25% Previous: 0.25% Interest rate at which banks lend balances held at the Federal Reserve to other banks overnight. Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future. 18:15 USD FOMC Press Conference It’s among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy.